The AI ​​race

AI investments worry experts: “See it as risky”

The concern about AI investments is based on whether the technology giants’ massive investments in computer capacity will pay off or not, writes SvD Näringsliv.

According to Carmignac fund manager Kristofer Barrett, the market’s view of data centers has changed. The big question now is whether the giants are investing because they want to – or because they cannot afford to fall behind.

SEB’s technology manager Johan Söderström “sees it as risky”, but at the same time believes that the companies can reduce investments if necessary.

Handelsbanken’s tech manager Niklas Lundin is more optimistic and does not believe in a new IT crash.

– They would not invest if they did not see an opportunity to make money, he tells SvD. 

TSMC sales surge as expected

Taiwanese semiconductor manufacturer TSMC's sales rose 68 percent in June compared to the same month a year ago, Bloomberg reports.

For the second quarter as a whole, sales rose 36 percent. The quarterly result is roughly in line with analysts' expectations, according to Bloomberg's consensus.

TSMC's meeting the high expectations signals that global demand for AI hardware remains intact, the news agency reports.

TSMC's full interim report for the second quarter is to be released on Thursday.